The 128 Startups That Raised Funding From The DIPP’s Fund O…

This is an increase in all the previous metrics. Previously, Inc42 had reported that, as at December 2017, about $92 Mn (INR 605.7 Cr) was released to 17 AIFs by SIDBI, and 75 startups had benefited till that point in time.

The disbursement of allotted funds under the FFS seems to have finally picked up speed and the DIPP’s efforts to smoothen out processes for the same are now more visible.

Recently, on July 2 this year, Union minister Suresh Prabhu tweeted that overall 128 startups have received a total funding of around INR 600.5 Cr.

Note: The Inc42 DataLabs team was able to collect detailed information on 116 unique startups only, funded by the 25 AIFs registered by SIDBI

A Quick Overview Of The 116 Startups Backed By AIFs Under Fund of Funds

The Inc42 Data Labs team, in its effort to get a bird’s eye view of the investments made under the Fund of Funds (part of Startup India Action Plan), further analysed the funded startups by the AIFs on basis of their launch date, location, and sector.

Here are the details:

Sector-Wise, The Focus Is On Technology

According to a December 2017 analysis done by Inc42 DataLabs, ecommerce as a category was leading the charts. However, this time, it has swapped places with enterprise tech and is now at number three. This can be attributed to the increased volatility in the Indian ecommerce segment with companies facing a lack of profitability. With the majority of startups recognised under the DIPP being early-stage or growth stage, it looks like the AIFs are aiming to play more safe bets and they’re focusing on technology-based startups for now.

Which City Is Leading The AIFs’ List?

Bengaluru maintained its lead, while Delhi has been ranked third. Chennai, which captured the second spot in December 2017, has now shifted to the fifth position, with Mumbai taking its place. Owing to the continuous efforts of the government, Bengaluru is rising high on the AIFs’ list as a hunting ground for potential startups.

Launch Year-Wise breakdown

The AIFs continue to work with the motto of ‘low-risk, high returns’. The number of funded startups that were launched in 2015 has increased from 23 to 36. Also, there has been a significant increase in the number of funded startups launched in 2016 and 2017.

116 Startups That Raised Funding From AIFs Under Fund Of Funds

Note: The information on these startups has mostly been collected from available public sources and has been collated in an alphabetical manner. The funding amounts mentioned are the funds raised by each startup from their AIFs respectively.

AgNext is an agricultural sensing and solutions company. It provides a platform for analytics-as-a-service using agricultural imagery and IoT devices. It is currently focussed on horticulture, floriculture and plantation crops. The startup collects spatial, temporal and spectral data to provide sensing solutions across the agriculture and food value chain. AgNext currently has offices in IIT Kharagpur, Kolkata, NCR and Bengaluru.

Atomberg makes smart, affordable energy efficient home appliances such as ceiling fans. The aim is to make products that have the highest energy efficiency and are also the best on each and every parameter. Its flagship product, Gorilla, is an energy-efficient ceiling fan, which consumes only 28 Watt whereas a traditional fan consumes 75-80 Watt. The startup believes that its technology and services will give it a competitive advantage in the future.

Azuro finds tenants, takes care of maintenance and tenant issues, does periodic inspections, furnishes flats as required, and even provides house insurance. The startup has been rapidly building a property portfolio in suburban Mumbai and is growing across geographies swiftly.

Belong is a predictive outbound hiring solution startup. Belong helps organisations discover, engage with and hire candidates. The startup offers data-driven solutions that help hiring teams spot candidates who best fit their requirements and engage with them through personalised interactions. Its search and recommendation technology analyses profiles across social, Internet, and public sources to help companies discover potential candidates.

Bigphi designs, develops, and sells various wearables such as apparel, footwear, sportswear, and smartwatches under its brand name. The team believes that nanotechnology will help people look fresh, clean and confident.

Bizongo

Registered As: Smart Paddle Technology Pvt Ltd

Founded In: 2014

Founder(s): Aniket Deb, Ankit Tomar, Sachin Agrawal

Location: Mumbai

Funding Details: $510 K (INR 3.50 Cr) from Chiratae Trust

Category: B2B, Packaging Materials Marketplace

Bizongo helps companies cater to their procurement needs linked to products such as boxes, bags, containers, and disposable food containers, material handling, disposable plastics, and plastic raw materials, etc. Companies can also use the platform to put their own logos on the products they procure.

Blowhorn

Registered As: Catbus Infolabs Pvt Ltd

Founded In: 2014

Founder(s): Mithun Srivatsa, Nikhil Shivaprasad

Location: Bengaluru

Funding Details: $300 K (INR 2.04 Cr) from Chiratae Trust

Category: Logistics

Blowhorn is an aggregator that aims to streamline the fragmented logistics market in India. The tech-enabled platform connects customers to mini-truck owners, enabling intra-city, sub two-tonne deliveries through its website and mobile app. Blowhorn also has a comprehensive driver-training programme, wherein all its drivers are trained in customer service.

Bogorchid is a device that can attract, catch, and kill mosquitoes naturally. With several patents filed in India, the product has gone through several test trials in Chennai. Led by IIT alumnae, MGH Labs aims to translate advanced science and technologies into products for customers’ well-being.

Bonushub

Registered As: BonusHub Digital Solutions Pvt Ltd

Founded In: 2016

Founder(s): Pran Mehra, Lalit Mohan Mehra

Location: Delhi

Funding Details: NA

Category: Digital Solutions

BonusHub looks to simplify digital payments for merchants and provides them with a single-window alliance for acceptance of UPI and multiple wallets, as well as settlement and reconciliation.

Boxx.ai builds products that use artificial intelligence to solve critical analytics problems at an affordable cost. It is a plug-and-play omnichannel personalised tool that enables and empowers its clients to offer personalised experiences to their customers. AIDA is Boxx.ai’s first product. Its proprietary algorithms predict what each customer is likely to buy.

Care24

Registered As: Aeigis Care Advisers Pvt Ltd

Founded In: 2014

Founder(s): Garima Tripathi, Abhishek Tiwari, Vipin Pathak

Location: Mumbai

Funding Details: $1.01 Mn (INR 6.89 Cr) from IndiaQuotient 2

Category: Healthcare

Care24 offers professional care from trained caregivers who help the patient recuperate from various illnesses or procedures. The healthcare technology startup has built and trained expert teams to take care of the needs of patients with critical or chronic conditions.

Celes Care aims to provide telehealth services to women of all ages. The startup addresses women’s health issues such as fertility, pregnancy, thyroid, PCOS, weight control, menopause, etc. It allows users to connect with a trained female physician in less than a minute.

Clip

Registered As: Transversal Tech Pvt Ltd

Founded In: 2017

Founder(s): Nav Agrawal, Swapnil Upadhyay, Ashish Gupta

Location: Bengaluru

Funding Details: $980 K (INR 6.65 Cr) from IndiaQuotient 2

Category: Social network

Clip is a video app that enables users to create, watch, and download videos. It is an Indian video community where one can express themselves by sharing short video clips. The app supports Hindi, Gujarati, Marathi, Bengali, Tamil, Telugu, Kannada, Urdu, Malayalam, Punjabi, and English. Users can also share the created videos across various social media platforms.

Clootrack is an adaptive market intelligence platform that helps brands identify what their customers want from conversations online and within enterprises. The team believes that user chatter contains valuable insights, including areas where a product can be improved, besides offering new ideas to further reach potential consumers in an influential manner. Clootrack helps its clients find these valuable insights and claims to improve their go-to-market metrics by 10X.

CrediFiable

Registered As: OneFiable Technologies Pvt Ltd

Founded In: 2017

Founder(s): Presha Paragash

Location: Bengaluru

Funding Details: $140 K (INR 97 Lakhs) from Kae Capital Fund II

Category: Online Lending

CrediFiable runs on a data-driven proprietary underwriting model, catering to borrowers who already have a credit history as well as those who are new to credit. CrediFiable services the entire supply chain from sourcing the customer, credit scoring, to conducting the verification process by leveraging the Indian digital stack.

Creditmate

Registered As: Urja Money Pvt Ltd

Founded In: 2016

Founder(s): Aditya Singh, Ashish Doshi, Jonathan Bill, Sunny Upadhyay

Location: Mumbai

Funding Details: $295 K (INR 2 Cr) from IndiaQuotient 2

Category: Fintech

Creditmate has developed technology for evaluating credit worthiness using customer data collected through loan applications and other credit verification documents. CreditMate is focused towards secured lending for the $27Bn used and new two-wheeler market in India. The startup aims to enable new to credit Indians to access means of productivity, freedom and transport.

Cure.Fit

Registered As: Cure Fit Healthcare Pvt Ltd

Founded In: 2016

Founder(s): Mukesh Bansal, Ankit Nagori

Location: Bengaluru

Funding Details: $3.3 Mn (INR 22.75 Cr) from Chiratae Trust

Category: Healthtech

Cure.Fit offers integrated health and fitness solutions. The startup provides these solutions through three verticals — Cult.Fit, Eat.Fit and Mind.Fit — via online and offline channels. It has also made five acquisitions so far, including CULT, Tribe Fitness, Seraniti, Kristys Kitchen, and yoga studio a1000yoga.

Curofy

Registered As: 911 India Healthcare Pvt Ltd

Founded In: 2014

Founder(s): Mudit Vijayvergiya, Nipun Goyal, Pawan Gupta

Location: Gurugram

Funding Details: $37 K (INR 25 Lakh) from IndiaQuotient 2

Category: Healthcare

Curofy is a medical networking app that enables communication and collaborations among doctors. The app helps doctors to find other doctors easily, call them with a single tap, and connect to collaborate on patient cases.

Doodhwala is a subscription-based hyperlocal delivery startup that offers users a wide selection of grocery items, including fresh dairy milk, meat, vegetables, fruits, and shelf-stable products.Currently operational in Bengaluru and Pune, the startup makes sure that orders are delivered to users’ doorsteps before 7am every day.

DoubtNut

Registered As: Class 21A Technologies Pvt Ltd

Founded In: 2016

Founder(s): Aditya Shankar, Tanushree Nagori

Location: Delhi

Funding Details: NA

Category: Edtech

Doubtnut aims to leverage technology to make education accessible for all. The startup has created an App using which students can ask study math questions by clicking the picture of the problem or concept. Subject matter experts then create a Khan Academy style video to answer each doubt.

EarlySalary

Registered As: Social Worth Technologies Pvt. Ltd

Founded In: 2015

Founder(s): Akshay Mehrotra, Ashish Goyal

Location: Pune

Funding Details: $920 K (INR 6.30 Cr) under Chiratae Trust

Category: Fintech

EarlySalary is a mobile-first lending platform. It provides salary advances and instant cash loans and has developed a smart risk scoring system. These loans are similar to salary/cash advances or credit card cash withdrawal. The startup currently has operations in eight cities including Mumbai, Pune, Chennai, Bengaluru, Hyderabad, New Delhi, Jaipur, and Ahmedabad.

Fitternity

Registered As: Fitternity Health E- Solutions Pvt Ltd

Founded In: 2014

Founder(s): Neha Motwani

Location: Mumbai

Funding Details: $410 K (INR 2.80 Cr) under Saha Fund Scheme I

Category: Fitness, Discovery

Fitternity — the Zomato of gyms, health clubs, and yoga centres — helps people discover the best health destination. It also has exclusive tie-ups with the gyms and health clubs, and enables them to offer discounts to its members.

Flyrobe

Registered As: Omapal Technologies Pvt Ltd

Founded In: 2015

Founder(s): Shreya Mishra, Pranay Surana, Tushar Saxena

Location: Bengaluru

Funding Details: $1.03 Mn (INR 7.07 Cr) from Chiratae Trust

Category: Fashion Rental Marketplace

Flyrobe is a fashion rental service that offers users access to premium apparel and accessories at a fraction of the retail price. One can get access to a curated collection from designers such as Ritu Kumar, Masaba Gupta, Quirk Box, Outhouse, etc. It is currently operational in Mumbai and Delhi.

Ftcash provides seamless solutions for micro-merchants to accept payments through multiple payment instruments including debit cards, credit cards, and mobile wallets. It also provides short-term loans to these merchants.

Fynd

Registered As: Shopsense retail Technologies Pvt Ltd

Founded In: 2012

Founder(s): Farooq Adam, Harsh Shah, Sreeraman MG

Location: Mumbai

Funding Details: $1.3 Mn (INR 9 Cr) from Kae Capital Fund II

Category: O2O fashion ecommerce

Fynd functions on an O2O model and directly sources products across various categories — clothing, footwear, jewellery, and accessories — from prominent brands in the country. The startup optimises delivery time by sourcing products from the outlets nearest to the customer.

Get My Parking

Registered As: Agile Parking Solutions Pvt Ltd

Founded In: 2015

Founder(s): Chirag Jain, Rasik Pansare

Location: New Delhi

Funding Details: $420 K (INR 2.88 Cr) from IAN Fund I

Category: Mobile Parking App

Get My Parking is a mobile app for hassle-free and smart parking. The platform is organising the parking industry with technology and data and aims to help urban commuters save time, fuel and energy. gmP provides end-to-end parking digitisation — along with a real-time view of all parking information — to urban commuters, parking management companies, and the city administration.

GoCoop

Registered As: GoCoop Solutions & Services Pvt Ltd

Founded In: 2011

Founder(s): Siva Devireddy

Location: Bengaluru

Funding Details: $400 K (INR 2.75 Cr) under Saha Fund Scheme I

Category: Ecommerce Enabler

GoCoop is an ecommerce enabler for rural producers and cooperatives. It provides a technology-led platform that offers an online global marketplace for cooperatives and community-based weavers and artisans.

GoComet helps businesses move their shipments internationally. It is a platform that enables international B2B freight service providers and clients manage everything from booking containers to tracking and custom clearances, all from a single dashboard.The startup also takes the responsibility of managing all necessary paperwork to ensure end-to-end cargo delivery internationally, through road, sea, and air. The Comet marketplace offers a technology-enabled system to move, track, and manage its cargo across the globe.

GoMechanic aims to leverage technology to assist Indian car-owners to find automobile repair and maintenance service providers in their vicinity and provides spare parts for all the services booked at its partner service centres. The startup also ensures availability of spare parts in a timely manner through personalised procurement. In addition to that, it also offers a guarantee on all spare parts for up to three years.

GrabOnRent was ideated with the vision to provide accessibility to all kinds products to people, irrespective of their capacity to buy it. It enables users rent products online in categories such as furniture, cool gadgets, appliances, and more. The major focus of the company is to generate awareness towards the viability of renting products.

Hansel.Io

Registered As: Hansel Software Pvt Ltd

Founded In: 2015

Founder(s): Varun Ramamurthy Dinakar, Parminder Singh, Mudit Mathur

Location: Bengaluru

Funding Details: $230K (INR 1.6 Cr) from Chiratae Trust

Category: Mobile App Management

Available for both Android and iOS, Hansel.io enables app developers to manage major production issues during runtime, with a five-minute integration process requiring no changes in code. It provides a toolkit that automatically reproduces issues, allows them to fix crashes during runtime, and enables them to dynamically communicate with users at an issue level. It further helps developers make the app bug-free, secure, and UI-fresh and reduce drop-off points as end users don’t have to go through an update for fixes.

Halaplay Technologies

Registered As: Halaplay Technologies Pvt Ltd

Founded In: 2016

Founder(s): Swapnil Saurav, Prateek Anand

Location: Bengaluru

Funding Details: $295 K (INR 2 Cr) from Kae Capital Fund II

Category: Sports Platform

HalaPlay is a Daily Fantasy Sports (DFS) platform that enables sports enthusiasts to play cash-based games. DFS is a shorter version of fantasy sports where users can create a team, enter leagues and win cash prizes. The startup aims to increase fan engagement and improve viewership for sports by making matches interesting.

Holachef

Registered As: Holachef Hospitality Pvt Ltd

Founded In: 2014

Founder(s): Anil Gelra, Gaurav Srivastava, Saurabh Saxena

Location: Mumbai

Funding Details: $1.1 Mn (INR 7.34 Cr) from IndiaQuotient 2

Category: Food Delivery

Holachef acts as an aggregator and connects customers with chefs across the city. Customers can order via its mobile app or desktop site. The startup offers a new menu selection every day. The meals are provided in a single-person meal format in recyclable packaging and there’s an option for the customer to choose delivery times.

Hypernova

Registered As: Hypernova Innovention Technology Pvt Ltd

Founded In: 2015

Founder(s): Mayur Bhimjiyani, Huzaifa Arab

Location: Bengaluru

Funding Details: $220 K (INR 1.50 Cr) from Kae Capital Fund II

Category: Online Gaming

Hypernova was started with a simple idea: Where is the DotA/League of Legends of mobile? These are multiplayer online battle arena (MOBA) games that have gained huge popularity globally in last few years. The startup has launched two games so far — War Tanks and Space Titans.

Iimjobs

Registered As: Highorbit Careers Pvt Ltd

Founded In: 2010

Founder(s): Tarun Matta

Location: New Delhi

Funding Details: $295 K (INR 2 Cr) from IndiaQuotient 2

Category: Recruitment Solutions

iimjobs.com is an online job search platform for mid-to-senior level managers. iimjobs.com focuses on providing premium job opportunities and an enhanced job seeking experience. The startup works with recruiters from sectors such as banking and finance, consulting, sales and marketing, HR, IT and operations, BPO, and legal, to help them recruit great managerial talent.

Infivention Technologies

Registered As: Infivention Technologies Pvt Ltd

Founded In: 2015

Founder(s): Aatur Mehta, Bhavya Gohil

Location: Mumbai

Funding Details: $440 K (INR 3 Cr) from IndiaQuotient 2

Category: IoT, Gaming

Infivention is a robotics-based gaming startup that aims to connect the virtual and real worlds. It creates connected board games that are also injected with humanity and personalities. The team believes that it can change the way people play, learn, and explore by fusing emerging technology with the latest innovations in robotics.

InfiVention’s latest product is Square Off — a smart chess board. Players can connect with friends or family over a game of chess, no matter how far away they are or can challenge the AI and play with the board.

InnerChef

Registered As: InnerChef Pvt Ltd

Founded In: 2015

Founder(s): Rajesh Sawhney, Sanjeev Singhal, Bal Dighent

Location: Gurugram

Funding Details: $340 K (INR 2.30 Cr) under Saha Fund Scheme I

Category: Foodtech

InnerChef is an online fresh food ordering platform. InnerChef offers ready-to-eat meals, gourmet do-it-yourself recipe kits (InnerChef DIY gourmet), detox cleanses, and healthy eats (InnerChef+), as well as decadent desserts (Indulge by InnerChef). Indulge by InnerChef is a first-of-its-kind hyperlocal desserts marketplace where talented home bakers and neighbourhood bakeries can offer their products to millions of customers across the country. InnerChef is currently delighting foodies in Delhi-NCR, Bangalore, Hyderabad, and Mumbai.

Innovcare Lifesciences

Registered As: Innovcare Lifesciences Pvt Ltd

Founded In: 2014

Founder(s): Lalit Wadhawan, Dipin Varma, Chandan Rajmane, Vijay Dubey

Location: Mumbai

Funding Details: $1.3 Mn (INR 9 Cr) from Kae Capital Fund II

Category: Healthcare

Innovcare Lifesciences is involved in marketing and sales of branded nutraceuticals, cosmeceuticals, and functional foods with an aim to protect and augment human health against various lifestyle-oriented diseases.

Innov4sight uses information technology, analytics, bioinformatics, biotechnology, biomedical engineering, and educational technology in the healthcare sector to reduce errors, do away with second guesses, and improve effective fertility and cancer care. The team has developed solutions such as ParSight and Vyabl to generate accurate cancer data cells.

Jiva Digital Services

Registered As: Jiva Digital Services Ltd

Founded In: 2017

Founder(s): Anuradha Pothula, Nandagopal Pothula

Location: Hyderabad

Funding Details: $9.5 Mn (INR 65 Cr) from Aavishkaar Bharat Fund

Category: IT

The startup maintains websites of other firms and creates multimedia presentations for other firms etc.

JoulesToWatts

Registered As: JoulesToWatts Business Solutions Pvt Ltd

Founded In: 2015

Founder(s): Priti Sawant

Location: Bengaluru

Funding Details: $220 K (INR 1.50 Cr) under Saha Fund Scheme I

Category: Staffing Solutions

JoulesToWatts is a business solutions and consulting company that delivers client-focused and multi-disciplinary solutions. The startup provides GIC consulting and solutions, IT solutions, talent collaboration solutions and sales and process outsourcing, among other services.

Ketchupp

Registered As: DI Infosolutions Pvt Ltd

Founded In: 2015

Founder(s): Abdul Khalid, Chirag Taneja, Narender Kumar

Location: New Delhi

Funding Details: $150 K (INR 1 Cr) from IndiaQuotient 2

Category: Food Recommendation Platform

Ketchupp is a metasearch engine for online food ordering. Ketchupp recommends the best dishes driven by its AI-based algorithm. It neither takes online orders, nor is it a delivery-based company. The team believes that with today’s on-the-go user being spoilt — and confused — for choice, a meta search engine is the need of the hour.

KWIK24 has introduced check-out free Smart Connected Stores in offices, apartments, and colleges. These stores are operated through the KWIK24 Mobile App that lets its users check what is in each smart store, interact, and pick up the products that they like — meals, snacks and beverages. Stores are stocked with both hot and cold food and groceries. No check-out is necessary as payment is processed in the background.

Lavelle Networks offers an SDN platform that connects multiple locations over the Internet in a secure manner. It also offers a user interface that can manage a 10-10k node network with less than four operational steps. The startup has offices in Bengaluru, Singapore, Dubai, and California. Its flagship service — Xpedition — provides ‘Pvt.Internet.Network-as-a-Service’ that connects users to applications anywhere, anytime.

Learntron

Registered As: Heuristix Digital Technologies Pvt Ltd

Founded In: 2016

Founder(s): Subbu Viswanathan, Kuljit Chaddha

Location: Chennai, Mumbai

Funding Details: $440 K (INR 3 Cr) from Kae Capital Fund II

Category: Edtech

Learntron is a B2B edtech startup that offers different kinds of enterprise courses, ranging from k-12 institutions to corporates to brick-and-mortar training or tutorial ventures. Enterprises such as Mahindra Group, Britannia, Scope International, and Delhivery are customers of Learntron. In the education space, they serve companies such as TalentEdge, DPS Doha, Birla Schools Kolkata, and GD Goenka Schools.

Leixir Labs

Registered As: Leixir Resources Pvt Ltd

Founded In: 2011

Founder(s): Harmeet S. Bindra

Location: Gurugram, Canada

Funding Details: $6.91 Mn (INR 46.91 Cr) from Stakeboat Capital Fund

Category: Hospital and Healthcare

Leixir Dental Laboratories are full-service dental labs that offer a complete range of dental products. The labs are strategically located with the aim of providing quality services to the maximum number of dentists. The startup offers dental consults, crown and bridge implants, surgical guides, dentures, and oral scanners. The CAD/CAM systems enable dentists to create dental restorations, from the initial design to the completed case.

LetsMD

Registered As: Medbay India Pvt Ltd

Founded In: 2016

Founder(s): Prakhar Gupta

Location: Delhi

Funding Details: NA

Category: Healthcare

LetsMD enables users to discover and compare the costs and services of various medical procedures offered by healthcare networks and hospitals. At the same time, the startup also provides facilities for healthcare loans for 10-24 months.

ListUP

Registered As: Gijutsu Solutions Pvt Ltd

Founded In: January 2016

Founder(s): Sumit Gupta, Pulkit Gupta, Saurabh Jain

Location: Mumbai

Funding Details: $360 K (INR 2.44 Cr) from Kae Capital Fund II

Category: P2P Marketplace

ListUP aims to disrupt age-old classifieds in India. ListUp is focused on the P2P exchange of second-hand goods, which aims to bridge buyers and sellers using the location-based discovery of products and social approach to classifieds.

Little Black Book

Registered As: Iluminar Media Pvt Ltd

Founded In: 2012

Founder(s): Suchita Salwan, Dhruv Mathur

Location: New Delhi

Funding Details: $130 K (INR 88 Lakh) from Chiratae Trust

Category: Media And Entertainment

Once a Tumblr blog, Little Black Book has grown to an independent recommendation platform for users to share and discover local businesses across the categories of food, shopping, events, and activities. It is currently operational in eight cities including Delhi/ NCR region, Bengaluru, Kolkata, Mumbai, Goa, Pune, Gurugram, and Chennai.

Limo

Registered As: Raftaar Technologies Pvt Ltd

Founded In: 2015

Founder(s): Anshul Khandelwal, Siddharth Sharma, Vivek Choksi

Location: Mumbai

Funding Details: $295 K (INR 2 Cr) from IndiaQuotient 2

Category: Bus Pooling App

Limo runs chartered buses for corporates and individuals for office commute and provides services such as WiFi, app-enabled payments, flexible timings, and live tracking of buses. The bookings are done via advance payments.The team at Limo believes that a smart bus system can solve the world’s urban mobility problems today, without any additional investments in infrastructure or technology.

Loadshare provides a technology platform to logistics companies to form an uninterrupted delivery solution. It works with small logistics players to create an analytics-driven platform.

Its network is spread primarily across all the metros, the northeast, and eastern India, apart from Karnataka, Kerala, UP, Rajasthan, and Gujarat. LoadShare offers order fulfilment solutions, last-mile deliveries, third party fulfilment, and modular logistics software solutions.

LoanSimple is a financial services company that provides small unsecured business loans based on credit/debit card sales. It is a technology-enabled lending business that provides non-collateral-based loans to small retailers in India. These loans are repaid by future card receivables. The amount of the loan is between INR 1-5 Lakh.

LoanTap

Registered As: Loantap Financial Technologies Pvt Ltd

Founded In: 2016

Founder(s): Satyam Kumar, Vikas Kumar

Location: Mumbai

Funding Details: $660 K (INR 4.50 Cr) from Kae Capital Fund II

Category: Fintech

LoanTap is an online personal loan company. It follows an agency-based collection model and enables users to make flexible single and bulk payments of loans.

Loanzen

Registered As: Loanzen Technologies Pvt Ltd

Founded In: 2016

Founder(s): Madhu Sudhan, Ritesh Kadmawala, Venkatesh Sankararaman

Location: Bengaluru

Funding Details: $650K (INR 4.43 Cr) from Kae Capital Fund II

Category: P2P Lending Marketplace

Loanzen provides a platform for lenders, using technology and data to score credit applications in real-time. For this purpose, it accesses data from a variety of sources such as banking and accounting, as well as public and social data, etc. The lenders lend to companies based on this credit scoring model, thereby saving on costs and the effort of finding, evaluating, and credit-scoring borrowers.

MagicPin

Registered As: Samast Technologies Pvt Ltd .

Founded In: 2015

Founder(s): Anshoo Sharma, Brij Bhushan

Location: Gurugram

Funding Details: NA

Category: Ecommerce

MagicPin is a platform where users and merchants in a locality discover, interact, and transact. The startup runs real-time promotions, loyalty programmes, and provides content updates for merchants. For users, magicpin helps them discover interesting people to connect with and attend events/merchants to go to.

MeraDoctor

Registered As: mHealth Ventures Pvt Ltd

Founded In: 2010

Founder(s): Ajay Nair, Gautam Ivatury

Location: Mumbai

Funding Details: $220 K (INR 1.51 Cr) from IndiaQuotient 2

Category: Healthcare

The healthcare startup provides a platform for live chat consultations with doctors. The focus is on quickly getting users high-quality medical advice from licensed, screened, and trained doctors. By focusing on chat, MeraDoctor aims to give people a convenient and easy way to get advice.

mFine offers patients access to online consultations and care programmes from different hospitals. The startup is collaborating with hospitals such as Cloudnine, Ovum Hospitals, and Femiint Health to increase its reach and provide standardised care for patients. Mfine’s AI platform helps improve doctor productivity and the quality of diagnosis. The startup enables doctor consultations, sample collections for lab tests, and buying medicine from the comfort of the user’s home.

m.Paani is a marketing and data analytics startup that enables local retailers to attract customers with a mobile-based loyalty programme. It develops impact-focussed loyalty programmes that leverage mobile technology as a platform to provide key products and services to local retailers and businesses. It does this by connecting their spends with important loyalty points.

NestAway is an online marketplace for home rentals that turns unfurnished houses into fully furnished ones and managed apartments, offering them at affordable prices to pre-verified tenants. Additionally, the company also provides rental solutions for singles in the cities. It is operational across cities such as Bengaluru, Delhi NCR, Pune, and Hyderabad.

NeuroEquilibrium Diagnostic is a super-speciality healthcare chain of vertigo and balance disorders clinics. It aims to cater to the gap that exists between the huge number of vertigo, dizziness, and balance disorder patients and the lack of targeted treatment in India.

NIRAMAI

Registered As: NIRAMAI Health Analytix (P) Ltd

Founded In: 2016

Founder(s): Dr Geetha Manjunath, Nidhi Mathur

Location: Bengaluru

Funding Details: $480 K (INR 3.25 Cr) under Pi Ventures Fund I

Category: AI, Healthtech

NIRAMAI stands for Non-Invasive Risk Assessment with Machine Learning. It is working on a non-invasive, radiation-free, painless and low-cost, cancer-screening solution. NIRAMAI is on a mission to create a universal cancer screening method that can save lives by detecting breast cancer at an early stage. The startup was also selected to be part of Axilor Ventures’ accelerator programme for the Summer 2017 batch.

Noticeboard is a communications platform aimed at facilitating information flow between the employees of a company. With a focus on frontline staff, it enables organisational communication through digital platforms for frontline staff such as delivery boys in logistics, retail storefront employees, warehouse staff, drivers, etc. The platform looks to facilitate efficient transmission of information relating to updates, feedback, and other items of notice within an enterprise.

Nua

Registered As: Lagom Labs Pvt Ltd.

Founded In: 2017

Founder(s): Projjol Banerjea

Location: Mumbai

Funding Details: NA

Category: Consumer Goods

Nua is a consumer-centric brand in the female care space. The startup aspires to be the leading online-led femcare brand by building a tech-enabled company that truly cares for every woman’s needs.

Numberz

Registered As: Paradime Technologies Pvt Ltd

Founded In: 2015

Founder(s): Aditya Tulsian, Rajeev Chari, Baskar Ganapathy

Location: Gurugram

Funding Details: $1.1 Mn (INR 7.30 Cr) from Kae Capital Fund II

Category: Fintech

Numberz is simplifying running the business (cash-flow) by integrating business workflows with banking services. According to its official website, the startup offers business owners a common-sense approach to cash flow management.

Oakter

Registered As: Riot Labz Pvt Ltd

Founded In: 2015

Founder(s): Shishir Gupta, Varun Gupta

Location: New Delhi

Funding Details: $180 K (INR 1.25 Cr) from IndiaQuotient 2

Category: Home Automation Products

Oakter is an Internet-enabled, plug-and-play home automation solution startup. The startup strives towards innovating new products regularly that are compatible with its smart home hub and app so as to enhance users’ smart home experience and improve their home management productivity.

Onco

Registered As: Netdox Health Pvt Ltd.

Founded In: 2016

Founder(s): Rashie Jain, Dr Amit Jotwani

Location: Bengaluru

Funding Details: NA

Category: Healthcare

Onco.com is trying to build a virtual cancer hospital for the world. Through its network of oncologists, the startup aims to provide unbiased consults to cancer patients at every stage of their disease so they can take the right decisions.

Pandorum Technologies is a biotechnology company with a focus on tissue engineering and regenerative medicine. The startup, with its distinct synergy of life science, engineering, and clinical competencies, designs and manufactures three-dimensional functional human tissues, intended for medical research and therapeutics.

Pharmarack is a SaaS-based application that creates impact across the value chain of the pharmaceutical Industry. The highly versatile application is working on integration with billing software, CRM, marketing software, or any other business support application.

PhotographAI

Registered As: Convulation Artificial Technologies Pvt Ltd

Founded In: 2017

Founder(s): Mikhil Raj, Jitendra Gadhwal, Karan Varshney

Location: Bengaluru

Funding Details: $22 K (INR 15 Lakhs) from IndiaQuotient 2

Category: Image classification and analytics APIs

PhotographAI is a technology platform for ready-to-use machine learning solutions for business use. The startup helps businesses use image resources such as image classification tasks, text analytics solution, and video analytics technology intelligently at a minimal cost for maximum returns.

PopiCorn is ready-to-eat, 100% natural, GMO-free, wholegrain popcorn that contains no preservatives, transfats, or artificial colours. The product is manufactured completely in India in small batches and is seasoned by hand. It is available online on its website and other online platforms such as BigBasket.

Roadpiper is a mobile application that helps fleet managers assign their vehicles to projects and trips. It aspires to be a tech-enabled network in the inter-city logistics space and source vehicles for transporters from reliable truck-owners at competitive prices.

ShareChat is an Indian regional language social platform. It allows users to create, discover, and share content with each other much like people do on Tumblr and Instagram. Users can follow other users who are either content creators or friend on the platform for regular updates. ShareChat is available in 10 languages — Hindi, Punjabi, Gujarati, Marathi, Bengali, Odia, Telugu, Tamil, Malayalam, and Kannada.

Sequretek focuses on two major areas in security services — building IPs in the security space and offering security-linked services in the market space. The startup offers a suite of security solutions for enterprises named Avatar and Kawach besides integrated managed cybersecurity solutions. The solutions claim to provide all round protection against threats and vulnerabilities.

SigTuple aims to create a data-driven, machine-learned, cloud-based solution for detection of abnormalities and trends in medical data for disease diagnosis. The startup looks to revolutionise the global medical diagnostic space through data-driven intelligence. SigTuple’s solutions allow labs and hospitals to scale by implementing a hub-and-spoke model where the medical experts can operate from ‘hubs’ and devices can be installed in ‘spokes’.

Skedool.It

Registered As: NA

Founded In: 2015

Founder(s): Deepti Yenireddy, Naveen Varma Alluri

Location: NA

Funding Details: NA

Category: AI, Smart Assistant

Skedool.it is a B2B smart assistant startup, powered by artificial intelligence, which automates repetitive everyday tasks for business executives, sales, and recruiting professionals. The AI assistant is named as Alex, uses natural language processing (NLP) and machine learning, supervised by humans to enable customers to communicate with the service via e­mail just as they would with a human executive assistant. It is currently available for Gmail and Outlook365 and integrates with CRM, marketing and recruiting tools.

SmartCoin is a data-driven microlending startup. It is a mobile app-based lending platform that claims to assess the risk profile of a prospective borrower in real-time with the use of data science and machine learning algorithms.

Snapmint

Registered As: Snapmint Credit Advisory Pvt. Ltd.

Founded In: 2015

Founder(s): Anil Gelra, Nalin Agrawal, Rahul Agarwal

Location: Mumbai

Funding Details: $520 K (INR 3.5 Cr) from Kae Capital Fund II

Category: Fintech

Snapmint provides simplified EMI options without a credit card. The startup looks to revamp the lending process in India, personalising loans for its customers.

Stelae Technologies is a content management and segregation software product company. The startup is known for its patent-pending software KhemeiaTM, which detects content elements in documents similar to the human eye, using AI-based pattern recognition and content analysis algorithms. The software transforms unstructured content into structured, categorised, searchable, and analysable information. It uses techniques such as content mining, cognitive learning and content management solutions such as IBM Watson, IBM Cognos, SAP Business Objects, and PTC Arbortex.

Sugar Cosmetics

Registered As: Vellvette Lifestyle Pvt Ltd

Founded In: 2012

Founder(s): Madhukar Sinha, Kaushik Mukherjee, Vineeta Singh

Location: Mumbai

Funding Details: $790 K (INR 5.35 Cr) from IndiaQuotient 2

Category: Online Cosmetics Store

Sugar Cosmetics is a makeup brand based in Mumbai. The startup offers beauty products across hair, makeup, skincare, bath and body, fragrance, etc.

ten3T builds wearable medical devices that collect and integrate medical-grade data in realtime. It has developed its first wearable medical device Cicer, with the aim of making cardiac health easily accessible to everyone. Besides, manufacturing the devices, ten3T also deploys, manages and analyses the data with predictive functioning.

Thirdwatch

Registered As: Thirdwatch Data Pvt Ltd

Founded In: 2016

Founder(s): Adarsh Jain, Shashank Agarwal

Location: Gurugram

Funding Details: $35 K (INR 24 Lakhs) under IAN Fund I

Category: Anti-fraud Solutions

Thirdwatch offers a product named Mitra, which evaluates and flags every transaction as fraudulent or genuine in real-time, on the basis of a trust score. Ecommerce players and merchants can integrate their applications with Mitra API, which automatically blocks fraudsters on a large scale, without having to hire additional staff to review any frauds.

Touchkin (Wysa)

Registered As: Touchkin Eservices Pvt. Ltd.

Founded In: 2016

Founder(s): Ramakant Vempati, Jyotsana Aggarwal

Location: Bengaluru

Funding Details: $660 K (INR 4.5 Cr) from Kae Capital Fund II

Category: Healthcare

Touchkin (Wysa) is an AI-based predictive healthcare service provider for the elderly that uses mobile-based social sensing to offer proactive personalised care. Touchkin’s proprietary prediction engine relies on machine learning to discern patterns in behaviour that may signify mental or physical ill health. The platform also connects users with direct support to ensure early identification of symptoms in case of mental illness or age-related disorders. The brainchild of Touchkin Founder(s), Wysa is envisioned as a virtual therapist facilitating emotional wellness via anonymous conversations.

TranZact

Registered As: FCB Technologies Pvt Ltd

Founded In: 2016

Founder(s): Ritesh Kumar, Rohan Sen Sharma, Sharad Sen Sharma

Location: Mumbai

Funding Details: $420 K (INR 2.88 Cr) from Kae Capital Fund II

Category: Fintech

TranZact is a cloud-based peer-to-peer business network facilitating all kinds of transactions between businesses including discovery, end-to-end procurement, and supply chain financing.

For small suppliers, TranZact offers free e-invoicing, faster payments, and visibility into account receivables. It enables big buyers to have more control and visibility into their entire procurement work so that they can work more efficiently and economically. TranZact essentially aims to change how businesses do transactions with each other.

Truebil helps consumers buy and sell used cars in the simplest way possible. It works with sellers to ensure that the buyers get all the data points required to make an informed decision. Added to that, its partners play a pivotal role in providing end-to-end auxiliary services.

Trupay

Registered As: Protinus Infotech Pvt. Ltd.

Founded In: 2015

Founder(s): Rahul Gochhwal, Vivek Lohcheb, Narender Kumar

Location: Gurugram

Funding Details: $440 K (INR 3 Cr) from Kae Capital Fund II

Category: Fintech

Trupay facilitates transactions between users and various businesses. It recently launched a mobile payment app, based on Unified Payments Interface (UPI), which enables users to send and receive money from their bank accounts with only a phone number.

Unacademy

Registered As: Sorting Hat Technologies Pvt Ltd .

Founded In: 2010

Founder(s): Gaurav Munjal, Hemesh Singh, Sachin Gupta

Location: Gurugram

Funding Details: NA

Category: Edtech

Unacademy is a free education initiative. The startup makes high-quality educational videos available for free to everyone. The platform provides videos covering a vast variety of topics and in multiple languages.

Unbxd

Registered As: Unbxd Software Pvt Ltd.

Founded In: 2011

Founder(s): Pavan Sondur, Prashant Kumar

Location: Bengaluru

Funding Details: Not applicable

Category: Ecommerce

Unbxd is an ecommerce product discovery platform that applies artificial intelligence (AI) and advanced data sciences to connect shoppers to the products they are most likely to buy. The startup enables personalised site search, navigation, product recommendation, and merchandising for leading online retailers.

Upwards Fintech

Registered As: Upwards Fintech Pvt Ltd

Founded In: 2017

Founder(s): Nimesh Verma, Abhishek Soni

Location: Mumbai

Funding Details: $340 K (INR 2.34 Cr) from IndiaQuotient 2

Category: Fintech

Upwards provides quick loans online to salaried individuals without any credit history. The startup aggregates user data from different mediums and uses various data points to come up with a credit report.

WealthTrust

Registered As: Evolusolve Technologies Pvt Ltd

Founded In: 2015

Founder(s): Jasmin Gohil, Nisarg Gandhi

Location: Mumbai

Funding Details: $240 K (INR 1.65 Cr) from IndiaQuotient 2

Category: Fintech

WealthTrust, earlier known as Wealthee, is a zero-commission wealth manager. The wealth management platform helps users manage their wealth and provides an option to invest in various mutual fund schemes. The app offers features such as Top Funds, Smart Savings, Manager Portfolio, and Transact with ease. The app offers three plans: Free, Premium plan priced at INR 39/month, and an Advisory plan at INR 999/year.

WhoDat is into building products that harness the power of technologies to help people visualise products to consumers so that they can make informed decisions. The company caters to both B2B and B2C customers and is building a proprietary hybrid SLAM (Simultaneous Localisation and Mapping) system that will allow it to create visualisations for indoor environments.

Wholesalebox helps shops promote their business by broadcasting Wholesalebox designs to their customers with marked-up retail pricing and taking customer opinions even before buying, thereby reducing deadstock. It also helps merchants develop products according to customer demands and brand their online showrooms in a similar manner.

We Organise The Unorganised (WOTU)

Registered As: Wotu Technologies Pvt Ltd

Founded In: 2015

Founder(s): Dhruv Sawhney, Mihir Mehta

Location: Mumbai

Funding Details: $660 K (INR 4.5 Cr) from Kae Capital Fund II

Category: B2B Marketplace

Wotu is a platform that directly connects farmers, processors, and manufacturers with last-mile F&B outlets, starting from standalone restaurants and pubs to largescale hotels and food chains. The platform enables deep supply chain integration with farmers and processors, a strong technology platform, an extensive product range, a warehousing facility and platform-integrated logistic capabilities.

Founded by IIT alumnus, Yourquote is a journal helping its users read, write, and share content. It saves your effort and create a portfolio of your work.

Zenatix

Registered As: Zenatix Solutions Pvt Ltd

Founded In: 2013

Founder(s): Rahul Bhalla, Vishal Bansal, Amarjeet Singh

Location: Gurugram

Funding Details: $440 K (INR 3 Cr) under Pi Ventures Fund I

Category: Internet of Things

Zenatix provides an energy management product. It uses advanced machine learning-based models and delivers up to 30% energy efficiency to large commercial consumers of electricity. Last year, in September, Zenatix launched its new product, WattMan, with the aim of helping retail and BFSI businesses save up to 20% of their energy bills.

Zostel Hospitality Pvt Ltd, Zo Room’s parent company, was founded with an initial investment of $30K (INR 20 Lakh). The startup has two brands — ZO Rooms and Zostel. It was in December 2014 that Zostel entered the budget hotel space with Zo Rooms, a chain of premium budget hotels, which grew to over 750 properties across 51 cities in India within 10 months of its launch. Amid lack of funds and OYO’s indecisiveness towards the acquisition, the startup pulled down its website in February 2016. OYO recently announced that it’s no more in the acquisition talks with Zo Rooms. The status of Zo Rooms after the failure of the acquisition talks remains a question.

Zyla Health

Registered As: Zyla Health Pvt Ltd.

Founded In: 2017

Founder(s): Tanmay Patil, Khushboo Aggarwal

Location: New Delhi

Funding Details: NA

Category: Healthcare

Zyla is creating a personalised engagement platform between chronic patients and a multi-disciplinary care team, coupled with an intelligent risk assessment engine. The startup aims to help patients and their families achieve the best health outcomes.

AIFS funded startups under fund of funds which got acquired

Sendd

Registered As: Crazymind Technologies Pvt Ltd

Founded In: 2015

Founder(s): Nav Agrawal, Sumeet Wadhwa, Sargun Singh

Location: Mumbai

Funding Details: $380 K (INR 2.6 Cr) from Kae Capital Fund II

Category: On Demand Shipping

Sendd is an on-demand shipping services startup, allowing users to send parcels. The company launched its B2C product in April and had later pivoted to B2B in August 2015. The startup got acquired by Craftsvilla, an ecommerce marketplace for handicraft products, for about $4.5 Mn in February 2016. After the acquisition, Sendd was to help Craftsvilla strengthen and streamline its logistics capabilities. According to the terms of the deal, the startup was to continue operating independently and selling its products to other ecommerce firms and marketplaces.

Handyhome allowed users to book brand-authorised repairs and other services for electronic appliances online. It has more than 40 brands of home appliances on its platform. The startup got acquired by hyperlocal service provider UrbanClap in January 2016.

Vanity Cube operated as a B2B and B2C platform. The startup had Jabong, Knowlarity, Hindustan Times, and Big FM among its regular corporate clients. Company’s B2C model deployed freelance beauticians and charged a 30% commission on the freelancer’s earning. However, its B2B model involved permanent employees and generated revenues directly from services. It got acquired by VLCC in April 2017.

Ample Wholesale aimed at building a next-generation ecommerce business with technology at its core. The startup was shut down in November 2016, according to Inc42 sources. Among the founder(s), Tanmay Patil is now the co-founder of healthtech startup Zayla Health while Varun joined Deliveroo, a London-based food delivery company. However, according to his LinkedIn profile, he is no more associated with it.

Kaaryah

Registered As: Kaaryah Lifestyle Solutions Pvt Ltd

Founded In: 2014

Founder(s): Nidhi Agarwal

Location: New Delhi

Funding Details: $470 K (INR 3.20 Cr) under Saha Fund Scheme I

Category: Fashion Ecommerce

Kaaryah provides trendy western outfits for professional women with a focus on the Indian body type. The startup claims to be a technology-enabled and data analytics-driven apparel brand that caters to women’s western wear category in India. It differentiates itself from others by its modus operandi. The startup spends a substantial amount on its research team, which uses process re-engineering backed by home-coded technology to help the company stand out.

Roder offered intercity on-demand cabs. The startup was focused on revolutionising one-way travel between cities by offering cabs at almost half the fare than market rates. According to reports, Roder shut down its operations in September 2017 due to rising acquisition costs and low repeat rate for outstation travel.

After the shutdown of Roder, Abhishek is now leading an end-to-end agritech startup named KrishiGo (since July 2017); Ashish is the CEO and co-founder of AI-driven sales platform Flinkhub (since March 2017); and Siddhant is now VP, Strategy and Sales, at Pharmarack Technologies Pvt Ltd (since July 2017).

Frankly.Me

Registered As: Pochi Mobile Pvt Ltd

Founded In: 2014

Founder(s): Abhishek Gupta, Nikunj Jain

Location: Noida

Funding Details: $390 K (INR 2.62 Cr) from Kae Capital Fund II

Category: Social Network

Frankly.me was launched as India’s first video-only social network. From Arvind Kejriwal to Javed Akhtar, many celebrities have used frankly.me to interact with their fans through video blogs (more popularly known as velfies or vlogs). However, despite gaining in popularity, the startup was unable to achieve a sustainable product-market fit. As a result, the founder(s) shut down Frankly.me in February 2016.

While Abhishek is now leading NavGurukul and Zohem as co-founder and CEO. Nikunj has also made investments in several startups such as Drivezy, Jobspire, Tripoto, and more. Nikunj is also the co-founder of Nash Ventures.

KleverKid

Registered As: Perspectful Advisory Services Pvt Ltd

Founded In: 2013

Founder(s): Shabnam Aggarwal

Location: New Delhi

Funding Details: $75 K (INR 51 Lakhs) under Saha Fund Scheme I

Category: Edtech

KleverKid served as a marketplace for parents to find after-school tutors, workshops, and programmes for their children. It closed its operations in December 2016. The founder, Shabnam Aggarwal, is now working as an independent consultant and advisor. She has also authored a book entitled Failure & Entrepreneurship published by HarperCollins, which is set to release in June 2018.

Qyk collaborates local data and competitive quotes from the most relevant service-providers to enable customers to compare and hire quality service providers, saving them time and money. The app uses algorithms to intelligently match demand and supply based on parameters like specific requirements, location, availability, budget, etc.

The website is currently out of service and seems to have shut down sometime in 2016. According to the founders’ LinkedIn profiles, they dropped out of the startup after a year of launch and are currently leading a real estate startup PaperToStone.

Additionally, Inc42 is also one of the funded startups under Startup India’s Fund of Funds.

Inc42 is an Indian media and information platform producing data-backed news and analysis on all the vital elements of the Indian startup ecosystem at the intersection of technology, startups, and business. The startup aims to help Indian businesses navigate through the impact of the technological revolution by focusing on important issues and by providing a deep understanding of the world of technology based on data-driven insights and connections.

Startup Action Plan: The Development So Far

Since the launch of the Startup Action Plan in January 2016, a number of measures have been taken to facilitate early-stage startups in India in setting up their operational infrastructure.

For instance, startups are eligible for an 80% rebate in patent filing fees and a 50% rebate in trademark filing fees. They are also eligible for free facilitation along with fast-track examination of patent applications.

“423 patent facilitators and 596 trademark facilitators have been nominated for this purpose. This scheme has benefited 671 patent applicants, 941 trademark applicants along with 144 expedited examinations,” as stated by the DIPP.

Another important step taken by the DIPP to encourage the startup culture in India is setting up of Startup India Hub. Launched in June 2017, Startup India Hub is a single point of contact for the entire startup ecosystem to enable knowledge exchange and access to funding for startups.

Entered into partnerships with 25 corporates to offer mentorship, acceleration, and pro-bono services to startups and entrepreneurs.

Registered more than 41,000 users and visits from over 4.4 Mn users.

Enabled startups to connect with 260 mentors and investors, 140 incubators, and 10 government agencies through its platform.

The Hub also offers the Startup India Learning Programme, an online programme that assists entrepreneurs in building effective business plans and launching their businesses. More 2 Lakh persons have registered for this programme so far.

Richard Branson, founder of Virgin Group once said, “You don’t learn to walk by following rules. You learn by doing and falling over.”

The Indian startup ecosystem is going through a similar phase. While the start was slow, the stakeholders have been quick to catch up and are working to mitigate the existing gaps in the ecosystem by reaching out to startups which have a potential to bring in effective solutions in their respective domains. Such support, in the form of funding, mentorship, and in other areas, is sure to help India achieve its goal of becoming a true startup nation.

This list was compiled with the help of Utkarsh Gupta, who interned with Inc42 recently.